Monthly Rent. Guaranteed.
When you start and manage a rental on Flip
New York, NY
Total Rent Payout
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Yes. We require the same information from international applicants as we do for all other applicants. We never require a FICO score to guarantee your rent, so there’s really no difference for us.
We auto-debit monthly rent on the last day of each month, and if both have insufficient funds then we’ll cover it on the same day.
That’s all you’ll need to worry about. We’ll take care of collecting the owed funds from the renter. If we can't collect the funds, we will report the default to credit bureaus, refer the delinquent account to collection agencies and handle the eviction proceedings for you.
The traditional way of figuring out if a renter is going to pay the rent reliably includes tax returns, credit reports, and background checks. We only ask for one thing: a secure connection to your bank account. We use this to analyze your financial history - including income, expenses and history of paying bills on time - and then we arrive at a maximum amount of monthly rent that we will guarantee you for.
The guarantee is only active when the following conditions are in place:
- A legally binding sublease or lease agreement has been signed by both parties on the Flip website.
- Both parties have enabled automated monthly rent payments
- Both parties have connected a minimum of two bank accounts. This can include checking accounts, savings accounts and credit card accounts
- The rental application is submitted and the applicant has been approved for the guarantee by Flip. This includes background checks, credit check, income and savings verifications.